Adobe, Uber and Dick's, CoreWeave-Google: Trending Tickers

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14 hours ago

Creative software giant Adobe (ADBE) will report its fiscal second quarter earnings results after Thursday's market close.
Dick's Sporting Goods (DKS) is joining the ranks of retailers and stores accessible for on-demand delivery through Uber Eats (UBER).
CoreWeave (CRWV) will provide computing capacity to Alphabet's Google Cloud business (GOOG, GOOGL), according to Reuters, who will in turn sell that capacity to OpenAI.
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It's now time for some of today's trending tickers. We are watching Adobe, Uber, and Dick's Sporting Goods, and Coreweave. First up, Adobe set to report second quarter results after the close. Second quarter revenue guidance came in slightly below Wall Street expectations when the company last reported here. You're taking a look at shares of ADBE. They are flat here during today's trading session. There have been a lot of things that we've been tracking within Adobe, and especially with regard to how quickly they're able to implement some of those AI features within their existing platforms for creatives out there that are buying into a lot of the subscriptions and the plans that Adobe has been able to put into market for years to come and how much of a delta there is between those user experiences as well at the end of the day.
Yeah, I think this space, there's a lot of competition here, and uh, I think Adobe, the stock has struggled quite a bit. So, we would be cautious with this name.
And again, this goes back to our theme of trying to be broad and sticking with, uh, having a breadth in the portfolio to protect you on the downside.
You know, as I'm taking a look at some of the areas specifically within the segments that investors are going to be looking across when this company does report earnings, it's expected that they'll report digital media segment revenue of about $17.3 billion far and away, the major leader on a segment basis here, but you've also got the digital experience which includes the cloud subscriptions and other digital experiences. Uh, but the cloud subscriptions essentially coming in at $5.1 billion is what they're looking for here of that overall $5.8 billion pie for the digital experience side. So, ultimately, we'll see exactly where those numbers come in at, but it still is a larger question for some of their bigger corporate clients, what's the deal scrutiny and what that pipeline looks like for some of the seats that sit underneath of these services as well here, it seems.
Sure. Yeah, and with businesses scaling back a little bit because of the uncertainty, I think that could affect the company as well. So, those are all things to watch in the earnings report.
Next up here, we're also tracking Uber and Dick's Sporting Goods announcing a partnership bringing the retailers products to the Uber Eats platform. Consumers can now order equipment, apparel, and more for on-demand delivery through the app. You're taking a look at shares of both of these companies here, and they are moving fractionally lower as we are seeing with the broader markets. I saw this this morning, and it immediately said to me, you know what, this is not bad. Imagine you're at the beach one day. You're with your friends and hey, yo, we forgot the ball. Like we can't do the activity that we were hoping to and so now we can perhaps through Uber Eats, both, you know, get a pizza delivered to the beach as well as whatever softball or baseball or you know, I don't know. People are not playing pickleball at the beach these days, not yet, but they'll figure out a way. Um, you know, a sand wedge, perhaps, if you're going to be practicing on the beach, just don't hit anybody with that golf ball. Get the foam balls. But we look at all the ways that Uber Eats has tried to really entrench itself, how is this fitting into the overall kind of super appification, if you will, of Uber's strategy from your perspective?
I think they have done a phenomenal job, right? With where they've they've got a very diversified business mix. It went from this hyper growth company into a very diversified company that's that's a core company right now to look at.
Uh, they're firing on all cylinders, you know, they've got this Uber delivery. I think this partnership is phenomenal. I agree with you.
Uh, they've got the subscription business with the advertising, they've got the autonomous vehicle, they've got the ride sharing. I think Uber Eats, I use it all the time, you know, so I think I think this is this is very positive.
Yeah.
Big time for Dick's Sporting Goods too, especially coming off of the announcement of the acquisition that's going to be moving forward with Foot Locker here. So, maybe I don't know. Some of those shoe boxes that would usually be coming straight from Dick's Sporting Goods might also be coming from Foot Locker via an Uber Eats delivery. We will see how that plays out indeed.
Finally here, we want to talk about one more name that we're tracking. This one is Coreweave, one of these recent IPOs of course set to provide computing capacity to Google's cloud unit. This, according to a report from Reuters. Google will then sell that computing capacity to OpenAI as part of its newly signed partnership enhancing OpenAI's computing power here. This for Coreweave has been one that has been absolutely off into the races for investors that are trying to get some type of exposure into the IPO markets that and the IPO market, those companies that are making their public debutes and clearly have a solid business model at least. How is this kind of setting the tone for what we're also going to hear a little bit more about today with chime's IPO and the broader landscape for public debutes right now?
Yeah, I think I think the appetite is going to eventually what what's happening right now is that there's still a lot of uncertainty, but slowly we are seeing some of this appetite come back. Yeah. And we saw the inflation data, and if the inflation data continues to be to show that inflation is falling, and we start getting rate cuts after the summer, I think we should start to see the IPO market pick up more.
And that's part of the reasons why we think that some of the financials will do well because not only because of deregulation, but also because of investment banking activity as well, and IPO activity picking up.
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